An interesting trend has developed in Singapore, expatriates are increasingly choosing to stay in serviced hotel apartments, as opposed to renting or buying.
According to accommodation providers in Singapore, these types of residences are gaining popularity amongst expatriates from all around the world. These serviced hotel rooms are more spacious than normal hotel rooms, and they often come with perks that can include weekly cleaning and childcare.
These serviced hotel rooms first started to attract expatiates during the initial financial downturn, and have since seen greater demand as people are wary of committing to long term leases.
However, as demand grows so do prices, and figures show that they have gone up by about 15 percent, but price increases are accompanied by service increases too, and many hoteliers are enhancing their existing facilities.
Robert McIntosh, executive director of CB Richard Ellis Hotels said: “While guests are more self-reliant in a serviced residence, they do tend to stay for a longer period. As an operator, you would want to ensure that your staff is able to develop a long good service relationship with guests”.